Updated over 4 years ago on . Most recent reply
Is now really the best time to buy? I’m new to real estate
I’m looking to start out in real estate but I’m seeing prices on homes of $100k-200k higher than they were 1-4 year ago.
Even fishing for leads and off market deals is it safe to rely on average per sq. ft. in my market?
Have market and prices caught up to where they should be? Or will the floor fall out from underneath us?
Please advise maybe I’m missing something as someone looking to jump into real estate investing.
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#2 Tax, SDIRAs & Cost Segregation Contributor
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#2 Tax, SDIRAs & Cost Segregation Contributor
- Investor
- Las Vegas, NV
Click on the magnifying glass in the upper right.
You’ll see people have been writing the same post as your for AT LEAST 5 years. Actually, many/most of them have said they are going to wait for “the crash” since “we’re in a bubble”. I assume they will never start. And maybe they were really just looking for an excuse not to start.
Prices will *never* be as low as they were when they decided not to buy. The real question to ask is do you think the property will be worth more in 20 years than today? Can you imagine someone with a new job saying they don’t want retirement savings taken out of their check yet because they want to wait for the crash?
The best time to buy real estate was 20 years ago, the second best time is today.
A vast majority of America’s millionaire made their money in real estate.
don’t wait to buy real estate, buy real estate and wait.
You don’t have to get rich on your first property, it’s like a free higher education class.
if you lack the courage to buy real estate when times are good how will you have the courage to buy when times are tough?
Etc. Etc…
Good Luck with whatever you choose to do.